Question: The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard labour hours per unit of output

The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard labour hours per unit of output 1.7 hours Standard labour rate $14.05 per hour The following data pertain to operations for the last month: Direct Materials Purchased 8.100 litres at $3.10 per litre

Direct Materials Used 7.600 litres

Direct Labour Used 2,200 hours at $8.25 per hour

Actual Variable Manufacturing Overhead $4.175

1. What was the variable overhead spending variance for the month?

a. $130 unfavourable

b. $4,450 unfavourable.

c. $4,338 unfavourable.

d. $130 favourable.

2. What was the labour rate variance for the month?

a. $2,950 favourable.

b. $2950 unfavourable.

c. $1,295 unfavourable.

d. $1,295 favourable.

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